BlackBerry in patent sublicense deal with Teletry

UPDATE 2 — BlackBerry Ltd said it entered into a strategic licensing agreement with Teletry, a unit of patent licensing firm Marconi Group, to sublicense a “broad range” of BlackBerry patents to “a majority of global smartphone manufacturers.”

Financial terms of the agreement were not disclosed.

“As part of the arrangement between Teletry and BlackBerry, Teletry will have the right to sublicense a broad range of BlackBerry patents to a majority of global smartphone manufacturers,” said BlackBerry.

“BlackBerry will retain ownership of approximately 40,000 patents and applications and operate its own licensing program outside of Teletry’s sublicensing rights.

“BlackBerry chose Kasim Alfalahi and his team at Teletry because of their expertise and track record in licensing important portfolios through long-term relationships.”

Alfalahi said: “We are pleased to be working with one of the pioneers of the modern smartphone who created one of the most valuable patent portfolios in the industry.

“Through our new licensing program, Teletry looks forward to working with global smartphone manufacturers to license these innovative technology assets.”